Trader Suffers Significant Losses From Meme Coin Purchases

According to BlockBeats, on October 20, Lookonchain monitoring revealed that a trader experienced substantial losses after purchasing five different meme coins within a span of just five hours. The trader, driven by FOMO (fear of missing out), incurred a total loss of 274 SOL, equivalent to approximately $43,500. The return rate on these investments was -67.89%.